Aggregated price index with volume information
Summary:
- Alternative Power Generation stocks down 0.1% on average while median return down 0.5% in a day
- Alternative Power Generation stocks down 8.7% on average while median return down 4.2% in a week
- Alternative Power Generation stocks down 16.2% on average while median return down 15.3% in a month
- When average return is significantly different from median return, this implies an asymmetry - composite return is driven by some outliners.
Aggregated price index (close) is based on equal weighted constituencies returns. Average short volume and average total volumes are averaged across all volume data among constituencies.
- 1M winners are : Winners for past month are $ELLO 5.2%
- 1M losers are : Losers for past month are $CWEN -15.8%, $RUN -18.6%, $MAXN -26.9%, $NEP -40.6%
- 1W winners are : Winners for past week are $ELLO 7.6%
- 1W losers are : Losers for past week are $BIP -4.3%, $AY -8.0%, $CWEN -10.8%, $NEP -39.2%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 17.2%, for the past 3 months is 19.4%
In the past month for a 5 days rolling window, the highest corrrelation is 45.2%, the lowest correlation is -8.5%, the latest correlation is 7.6%
When a correlation deviated from the normal level and goes lower or even negative, it indicates some of stocks have deviated from the normal direction of the group. The deviation could reverse if long term level of correlation was at a higher level. It creates trading opportunities and deserves study whether the deviation is idiosyncratic or systematic.
Among pairwise correlation, the highest correlation is 88.5% between AY and CWEN
The lowest correlation is -34.7% between ELLO and MAXN
Shares of NextEra Energy (NYSE: NEE) crashed this week to three-year lows and were trading 15% lower through 1:30 p.m. ET Friday, according to data provided by S&P Global Market Intelligence. The utility giant reaffirmed its long-term earnings and dividend growth guidance through 2026, but the markets and analysts are spooked after NextEra Energy's subsidiary gave investors a nasty shock this week. NextEra Energy Partners (NYSE: NEP), a wholly owned subsidiary of NextEra Energy, slashed its an...
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
Diamondback Energy (NASDAQ: FANG) offers a combination of a stable dividend and upside exposure to high energy prices. AbbVie (NYSE: ABBV) is a gigantic biopharma company that reduces the risks associated with the performance of a single drug by maintaining a diversified portfolio. Investors can expect to earn at least $500 in passive income after investing $3,500 equally in these three stocks and waiting four years.
In this article, we discuss top 25 dividend aristocrats ranked by yield. You can skip our detailed analysis of dividend stocks and their performance over the years, and go directly to read Dividend Aristocrats Ranked By Yield: Top 10. At the start of the year, there was a lot of excitement surrounding tech stocks. However, […]
Wall Street is cooling on NextEra Energy Partners following a big shift in management's guidance.
U.S. equites rose, with the S&P 500 advancing 0.6% on Thursday, Sept. 28, 2023, as a report showed consumer spending slowed in the second quarter, and oil prices tumbled.
U.S. equities gained at midday on Thursday, Sept. 28, 2023, after a report showing consumer spending slowed, and oil prices fell.
NextEra Energy Partners (NEP) decides to reduce its long-term cash distribution per unit rate to increase its financial flexibility and focus on high-yielding growth opportunities.
Alphabet, Exxon Mobil, Merck, Abbott Laboratories and NextEra Energy are part of the Zacks top Analyst Blog.
Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: a Sell initiation at RTX, and downgrades at NextEra Energy, Terex, and South State. Nextera Energy Partners (NYSE:NEP) received two downgrades after the company revised its growth expectations and limited equity needs. This reduction is attributed to the inability to accretively add drop-downs from its parent company Nextera Energy (NYSE:NEE), due to a higher cost of capital.